{"id":59599,"date":"2017-08-23T08:30:30","date_gmt":"2017-08-23T12:30:30","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=59599"},"modified":"2017-08-23T08:30:30","modified_gmt":"2017-08-23T12:30:30","slug":"a-recipe-for-permanent-loss-of-capital-a-3-4-billion-hedge-fund-is-lashing-out-at-tech-stock","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2017\/a-recipe-for-permanent-loss-of-capital-a-3-4-billion-hedge-fund-is-lashing-out-at-tech-stock.html","title":{"rendered":"A Recipe For Permanent Loss Of Capital&#8217;: A $3.4 Billion Hedge Fund Is Lashing Out At Tech Stock"},"content":{"rendered":"<p>\n(The Business Insider) A $3.4 billion hedge fund is poking holes in conventional thinking over tech behemoths Amazon, Google and Facebook \u2013 and hinting at a potential sell off in the sector.   Tourbillon Capital, a New York-based hedge fund, raised concerns over investment theses on the companies in its second-quarter client letter, which was reviewed by Business Insider. Broadly, the market is pricing in indefensible valuations for the tech, media and telecommunications sector, according to the fund.   &#8220;Today, we see less and less differentiation on future fundamental performance, fewer defensible valuations, and a market that is lulled into a sense of complacency based on narratives,&#8221; founder Jason Karp wrote in the letter. &#8220;That has historically been a recipe for permanent loss of capital.&#8221;<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/amazon-stock-price-draws-ire-from-jason-karp-tourbillon-capital-2017-8?r=UK&#038;IR=T\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(The Business Insider) A $3.4 billion hedge fund is poking holes in conventional thinking over tech behemoths Amazon, Google and Facebook \u2013 and hinting at a potential sell off in the sector. Tourbillon Capital, a New York-based hedge fund, raised [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-59599","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59599","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=59599"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59599\/revisions"}],"predecessor-version":[{"id":59600,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/59599\/revisions\/59600"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=59599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=59599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=59599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}